Short Interest in Eaton Vance Tax-Managed Global Diversified Equity Income Fund (NYSE:EXG) Rises By 32.9%

Eaton Vance Tax-Managed Global Diversified Equity Income Fund (NYSE:EXG) was the recipient of a significant growth in short interest in the month of March. As of March 31st, there was short interest totalling 356,500 shares, a growth of 32.9% from the March 15th total of 268,300 shares. Based on an average trading volume of 699,700 shares, the short-interest ratio is currently 0.5 days.

Insider Buying and Selling

In related news, insider Keith Quinton purchased 10,000 shares of Eaton Vance Tax-Managed Global Diversified Equity Income Fund stock in a transaction dated Thursday, February 20th. The stock was bought at an average cost of $8.48 per share, for a total transaction of $84,800.00. Following the transaction, the insider now owns 10,000 shares in the company, valued at approximately $84,800. The trade was a ? increase in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is available through this link.

Institutional Investors Weigh In On Eaton Vance Tax-Managed Global Diversified Equity Income Fund

Large investors have recently added to or reduced their stakes in the business. CoreFirst Bank & Trust purchased a new stake in shares of Eaton Vance Tax-Managed Global Diversified Equity Income Fund in the fourth quarter valued at about $33,000. BankPlus Trust Department purchased a new stake in Eaton Vance Tax-Managed Global Diversified Equity Income Fund in the 4th quarter valued at approximately $41,000. Millstone Evans Group LLC purchased a new stake in Eaton Vance Tax-Managed Global Diversified Equity Income Fund in the 4th quarter valued at approximately $52,000. NBC Securities Inc. grew its holdings in Eaton Vance Tax-Managed Global Diversified Equity Income Fund by 113,871.4% during the 1st quarter. NBC Securities Inc. now owns 7,978 shares of the financial services provider’s stock valued at $64,000 after buying an additional 7,971 shares during the last quarter. Finally, South Plains Financial Inc. purchased a new position in Eaton Vance Tax-Managed Global Diversified Equity Income Fund during the fourth quarter worth $66,000.

Eaton Vance Tax-Managed Global Diversified Equity Income Fund Stock Performance

EXG stock traded up $0.05 during midday trading on Friday, hitting $7.66. 435,351 shares of the stock were exchanged, compared to its average volume of 559,465. The stock’s 50-day moving average price is $8.12 and its 200-day moving average price is $8.32. Eaton Vance Tax-Managed Global Diversified Equity Income Fund has a fifty-two week low of $6.74 and a fifty-two week high of $8.80.

Eaton Vance Tax-Managed Global Diversified Equity Income Fund Dividend Announcement

The company also recently declared a monthly dividend, which will be paid on Wednesday, April 30th. Stockholders of record on Tuesday, April 15th will be paid a dividend of $0.0657 per share. This represents a $0.79 annualized dividend and a dividend yield of 10.30%. The ex-dividend date is Tuesday, April 15th.

Eaton Vance Tax-Managed Global Diversified Equity Income Fund Company Profile

Eaton Vance Tax-Managed Global Diversified Equity Income Fund is a closed-ended equity mutual fund launched and managed by Eaton Vance Management. It invests in public equity markets across the globe. The fund seeks to invest in stocks of companies operating across diversified sectors. It primarily invests in dividend paying stocks of companies.